Overview
What is Isle Au Haut Community Development Corporation?
The Isle Au Haut Community Development Corporation (ICDC) is a nonprofit organization located in Isle Au Haut, Maine. Its primary mission is to foster a year-round community on the island, with a focus on affordable housing and supporting local business ventures through microloans. In 2022, all their rental properties were occupied until late fall, with one family moving off-island, leaving a vacated house for light maintenance. The ICDC also provided four low-interest loans, ensuring compliance with their mission. The organization operates with a small team, as indicated by their total of one employee.
Official website here: www.isleauhaut.org
Is Isle Au Haut Community Development Corporation legitimate?
Isle Au Haut Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Isle Au Haut Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,970
For more financial information, click here
Official website here: www.isleauhaut.org
What is the mission statement of Isle Au Haut Community Development Corporation?
The Isle Au Haut Community Development Corporation's mission is centered around promoting and sustaining a permanent resident population. It achieves this by offering affordable housing options and providing micro-loans to local entrepreneurs, thereby stimulating new business ventures in the community. In 2022, all their rental properties were occupied until late fall, showcasing their success in providing housing. The organization also offers low-interest loans, ensuring compliance with certain standards.
Official website here: www.isleauhaut.org
Who is the CEO of Isle Au Haut Community Development Corporation?
Bob Olney is the President of Isle Au Haut Community Development Corporation.
Official website here: www.isleauhaut.org
What is the revenue of Isle Au Haut Community Development Corporation?
Isle Au Haut Community Development Corporation's revenue in 2022 was $145,829.
Official website here: www.isleauhaut.org
Who are the executives of Isle Au Haut Community Development Corporation and what are their salaries?
The average compensation at Isle Au Haut Community Development Corporation during 2022 was $8,970. There is 1 employee and 9 volunteers at Isle Au Haut Community Development Corporation.
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Official website here: www.isleauhaut.org
Where can I find the form 990 for Isle Au Haut Community Development Corporation?
Isle Au Haut Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.isleauhaut.org
Learn more at the official website: www.isleauhaut.org
Mission Statement of Isle Au Haut Community Development Corporation
The Isle Au Haut Community Development Corporation (ICDC) is dedicated to promoting and sustaining a permanent resident population on Isle au Haut. At its core, the organization focuses on two primary areas: offering affordable housing options and extending micro loan opportunities to local entrepreneurs launching new ventures. In 2022, the ICDC's rental properties remained in high demand, with all units occupied until one family relocated, prompting some light maintenance on the vacated property. Moreover, the corporation has approved four low-interest loans that adhere to established guidelines, furthering their mission to support the local community.
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Impact
October, 2024
The Isle Au Haut Community Development Corporation significantly contributes to the stability and growth of the local community by focusing on essential needs such as affordable housing and financial support for new businesses. In 2022, all rental properties were fully occupied throughout the fall, reflecting the ongoing demand for housing on the island. When one family moved off the island, the organization ensured that the vacated property received necessary maintenance, indicating a commitment to maintaining quality housing for future tenants.
Additionally, the provision of four low-interest loans facilitates the launch and expansion of local business ventures, fostering economic development and encouraging entrepreneurship among residents. By addressing housing needs and promoting business opportunities, the Isle Au Haut Community Development Corporation plays a crucial role in building a vibrant, year-round population on the island, thereby enhancing the community's overall resilience and sustainability.
This information is meant to be a general summary of Isle Au Haut Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $127
- Program Service Revenue: $244
- Gross Receipts: $145,829
Assets and Liabilities:
- Total Assets: $1,023,158
- Total Liabilities: $221,454
- Net Assets: $801,704
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Micro loan interest
Revenue
$244
Organization Details
Founding Year
1990
Phone
(207) 831-3135Principal Officer
Bob Olney
Main Address
PO BOX 99, ISLE AU HAUT, ME, 046450099
Website
www.isleauhaut.orgNTEE Category
Code: L20Z - Housing
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